HLP vs WBUY: Correlation
Hongli Group Inc. - Class A (HLP) and WEBUY GLOBAL LTD. - Class A (WBUY) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLP and WBUY?
Across a 3-year window, the weekly returns of HLP and WBUY correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 7509.6 %².
In HLP's tracked universe of 15 assets, WBUY sits right near the top at #1. The last year tells two different stories: HLP led by 162.3 percentage points, +89.7% for HLP against -72.6% for WBUY. One caveat on sizing: WBUY is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HLP vs WBUY: side by side
| HLP (Hongli Group Inc. - Class A) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | +89.7% | -72.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 127.2% | 193.8% |
| Beta vs S&P 500 | 0.02 | 1.81 |
| Max drawdown (3Y) | -91.9% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 43.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLP | WBUY |
|---|---|---|
| 2024 | -22.0% | -66.1% |
| 2025 | -20.6% | -93.7% |
| 2026 | +24.0% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLP and WBUY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HLP and WBUY?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is WBUY a good diversifier for HLP?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hlp-vs-wbuy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hlp-vs-wbuy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLP correlations · WBUY correlations
